HARDOCK: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HARDOCK
Largest movements
- Intangible fixed assets -€142,900
down €142,900 (-32.9%), from €433,881 to €290,981
- Cash +€119,766
up €119,766 (+255.2%), from €46,938 to €166,704
mainly Depreciation (+€157,876) and Trade debts (+€46,228)
- Receivables within one year -€31,940
down €31,940 (-60.7%), from €52,582 to €20,642
of which Other amounts receivable: -€39,569
- Stocks and contracts -€9,229
down €9,229 (-17.5%), from €52,668 to €43,439
- Debts after one year -€107,885
down €107,885 (-21.9%), from €492,732 to €384,848
- Trade debts +€46,228
up €46,228 (+130.0%), from €35,555 to €81,783
- Accrued charges and deferred income -€20,179
down €20,179 (-33.0%), from €61,140 to €40,961
- Tax, wage and social debts +€16,344
up €16,344 (+80.5%), from €20,301 to €36,645
of which Remuneration and social security: +€16,652
- Gross operating margin -€30,117
down €30,117 (-6.9%), from €436,074 to €405,957
- Financial income +€8,577
up €8,577 (+214414.8%), from €4 to €8,581
- Staff costs +€8,503
up €8,503 (+3.7%), from €232,388 to €240,891
- Depreciation +€4,630
up €4,630 (+3.0%), from €153,246 to €157,876
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €686,622 | €624,124 | -€62,499 | -9.1% |
| Fixed assets | 21/28 | €532,162 | €384,886 | -€147,276 | -27.7% |
| Intangible fixed assets | 21 | €433,881 | €290,981 | -€142,900 | -32.9% |
| Tangible fixed assets | 22/27 | €98,281 | €93,905 | -€4,376 | -4.5% |
| Plant, machinery and equipment | 23 | €93,276 | €80,725 | -€12,551 | -13.5% |
| Furniture and vehicles | 24 | €4,191 | €4,835 | +€644 | +15.4% |
| Leasing and similar rights | 25 | €814 | €587 | -€227 | -27.9% |
| Other tangible fixed assets | 26 | - | €7,758 | +€7,758 | |
| Current assets | 29/58 | €154,460 | €239,237 | +€84,777 | +54.9% |
| Stocks and contracts in progress | 3 | €52,668 | €43,439 | -€9,229 | -17.5% |
| Stocks | 30/36 | €52,668 | €43,439 | -€9,229 | -17.5% |
| Amounts receivable within one year | 40/41 | €52,582 | €20,642 | -€31,940 | -60.7% |
| Trade receivables | 40 | €3,433 | €11,063 | +€7,629 | +222.2% |
| Other amounts receivable | 41 | €49,149 | €9,580 | -€39,569 | -80.5% |
| Cash at bank and in hand | 54/58 | €46,938 | €166,704 | +€119,766 | +255.2% |
| Deferred charges and accrued income | 490/1 | €2,272 | €8,452 | +€6,180 | +272.0% |
| Total equity and liabilities | 10/49 | €686,622 | €624,124 | -€62,499 | -9.1% |
| Equity | 10/15 | -€34,455 | -€28,169 | +€6,286 | +18.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,455 | -€128,169 | +€6,286 | +4.7% |
| Amounts payable | 17/49 | €721,077 | €652,292 | -€68,785 | -9.5% |
| Amounts payable after more than one year | 17 | €492,732 | €384,848 | -€107,885 | -21.9% |
| Financial debts | 170/4 | €492,732 | €384,848 | -€107,885 | -21.9% |
| Amounts payable within one year | 42/48 | €167,205 | €226,484 | +€59,279 | +35.5% |
| Current portion of amounts payable after more than one year | 42 | €106,801 | €107,885 | +€1,084 | +1.0% |
| Trade debts | 44 | €35,555 | €81,783 | +€46,228 | +130.0% |
| Suppliers | 440/4 | €35,555 | €81,783 | +€46,228 | +130.0% |
| Taxes, remuneration and social security | 45 | €20,301 | €36,645 | +€16,344 | +80.5% |
| Taxes | 450/3 | €1,704 | €1,396 | -€308 | -18.1% |
| Remuneration and social security | 454/9 | €18,597 | €35,249 | +€16,652 | +89.5% |
| Other amounts payable | 47/48 | €4,548 | €171 | -€4,377 | -96.2% |
| Accrued charges and deferred income | 492/3 | €61,140 | €40,961 | -€20,179 | -33.0% |
| Remuneration, social security and pensions | 62 | €232,388 | €240,891 | +€8,503 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,246 | €157,876 | +€4,630 | +3.0% |
| Other operating charges | 640/8 | €1,836 | €901 | -€936 | -51.0% |
| Gross operating margin | 9900 | €436,074 | €405,957 | -€30,117 | -6.9% |
| Operating profit (loss) | 9901 | €48,604 | €6,290 | -€42,314 | -87.1% |
| Financial income | 75/76B | €4 | €8,581 | +€8,577 | +214414.8% |
| Recurring financial income | 75 | €4 | €8,581 | +€8,577 | +214414.8% |
| Financial charges | 65/66B | €6,214 | €8,585 | +€2,370 | +38.1% |
| Recurring financial charges | 65 | €6,214 | €8,585 | +€2,370 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | €42,394 | €6,286 | -€36,108 | -85.2% |
| Profit (loss) for the period | 9904 | €42,394 | €6,286 | -€36,108 | -85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,394 | €6,286 | -€36,108 | -85.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.